On Thursday, the National Labor Organization and the Federal Government reached an agreement on N70,000 as the new minimum wage. Following a meeting between President Bola Tinubu, the Organized Labor leadership, and a few members of the government team on the Tripartite Committee on the new national minimum wage, an agreement was achieved. Remember that the disagreement between the government, the private sector, and organized labor resulted in the Tripartite Committee submitting two different statistics in its report to the President? Organized Labor sought N250,000, while the government and corporate sector provided N62,000 instead.
